Headlines

If AB InBev Forced to Divest, Pabst May Buy Michelob

Pabst Brewing Co. would look into buying Michelob from Anheuser-Busch InBev NV should the brand be divested to settle a U.S. antitrust lawsuit to block the $20.1 billion takeover of the rest of Grupo Modelo SAB. “We would consider the opportunity if it became available,” Daren Metropoulos, chief executive officer of Los Angeles-based Pabst, said today in an e-mail. “It’s premature to reach out” to AB InBev “right now. But we certainly like the Michelob brand.” (Bloomberg via San Francisco Chronicle)